Forexfactory

Time to ditch the US dollar

With a narrowing focus on the US midterm elections (6 November) and US politics – as well as fast-money investors holding substantial aggregate long USD positions – we look for the market narrative over the next few months to transition from ‘default to the dollar’ to ‘ditch the dollar’ for …

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UK Brexit Secretary Raab: Closing In On Workable Solutions To Outstanding Issues In Brexit Talks

BREAKINGhttps://twitter.com/LiveSquawk/status/1040575839610580995UK Brexit Sec Raab: After Call With Barnier: There Remain Some Substantive Differences We Need To ResolveBREAKING1536927678https://twitter.com/LiveSquawk/status/1040576227638210566Raab: After Call W/ Barnier “We Reiterated Our… FF All News

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U.S. Import and export price indexes – August 2018

U.S. import prices declined 0.6 percent in August, the U.S. Bureau of Labor Statistics reported today, following a 0.1-percent decrease the previous month. Falling prices for both fuel and nonfuel imports contributed to the August decline. Prices for U.S. exports edged down 0.1 percent, after de… FF All News

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U.S. Retail Sales Trail Forecasts as Autos, Apparel Decline

U.S. retail sales rose by less than forecast in August following an upwardly revised July gain as purchases of automobiles and clothing fell, suggesting households took a breather from spending. The value of overall sales climbed 0.1 percent from the prior month after a 0.7 percent increase in Ju… FF …

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Canada prepared to play deadline spoiler in NAFTA talks: source

In the face of mounting pressure to wrap up NAFTA negotiations by the end of the month, a senior source suggests Canada is comfortable with missing that deadline. The source who spoke to CBC News on background, due to the sensitivity of the talks, said the external political pressure “is …

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Fed’s Evans: US Econ Firing On All Cylinders 3 Pct To 3.5 Pct Fed Funds Rate Projected For 2019, 2020 Is ‘Mildly Restrictive’

BREAKINGhttps://twitter.com/LiveSquawk/status/1040586380924076033Fed’s Evans: Expects Inflation To Edge Up A Bit Above 2-Pct GoalBREAKING1536930138https://www.chicagofed.org/publications/speeches/2018/09-14-2018-monetary-policy-road-ahead-fort-wayne-inEvans: Monetary Policy: The Road AheadI’d like… FF All News

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U.S. industrial production up for third straight month on strength in autos

The numbers: Industrial production rose 0.4% in August, the Federal Reserve reported Friday. This is the third monthly increase. The gain was above Wall Street expectations of a 0.3% increase. Over the past year, output is up 4.9%. What happened: In August, manufacturing rose 0.2% on the back of … …

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A Financial Union for the Euro Area

Ladies and gentlemen, good afternoon. It is a pleasure to be here. As the European policy machinery kicks into action again after the summer break, I welcome this opportunity to share some thoughts. The question put to me is how much more deepening of the economic and monetary union is …

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Manufacturing and trade inventories and sales, July 2018

The U.S. Census Bureau announced the following new manufacturing and trade statistics for July 2018: The combined value of distributive trade sales and manufacturers’ shipments for July, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $ 1,454.1 billion,… FF All News

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Consumer sentiment hits 100.8 in September, vs. 96.6 estimate

A preliminary look at consumer sentiment in September easily topped expectations on Friday. The University of Michigan’s Surveys of Consumers said sentiment hit 100.8 in September, up from 96.2 in August. The level marks the second highest of the year and the second strongest since 2004. Economis… FF All News

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Fed Evans: Would Not Be Surprised If Fed Raises Rates Total Of Four Times This Year

BREAKINGhttps://twitter.com/LiveSquawk/status/1040605322140889090Fed’s Evans: It’s Entirely Natural To Think Short-Term Neutral Rate May Rise Above Long-Run Estimate, Gradual Interest Rate Increases Are AppropriateFed’s Evans: It’s Entirely Natural To Think Short-Term Neutral Rate May Rise Above… FF All News

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What Happened to the Eurodollar COT Model?

One of my favorite predictive models had me looking for a decent selloff in the summer of 2018, but the U.S. stock market decided not to participate. So what happened? The model in this week’s chart contains data from the weekly Commitment of Traders (COT) Report, published by the CFTC. …

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Trump said to want about $200B in China tariffs despite talks: BBG

BREAKINGhttps://twitter.com/fxmacro/status/1040631566244950016Trump tariff plans come despite Mnuchin overtures to BeijingBREAKING1536940908 FF All News

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AUDUSD Buyers Attempt Reversal Above 0.7160

The AUDUSD seems to be getting its cues from GBPUSD. Last Friday, the Australian dollar closed below a confluence of support at 0.7160. I mentioned this breakdown over the weekend. However, I gave a warning about Friday’s move. Here’s what I wrote on Sunday: Just know that Friday’s breakdown could… …

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Week Ahead – Inflation and flash PMI data to dominate; BoJ to leave policy unchanged

Economic data will move to the fore next week with several countries reporting inflation, retail sales and flash PMIs. Canada and the United Kingdom will publish CPI and retail sales figures, while in the Eurozone, the focus will be on the flash PMI releases by IHS Markit. Second quarter GDP …

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Some ECB policymakers wanted more cautious tone on growth: sources

A handful of European Central Bank policymakers urged President Mario Draghi to strike a more cautious tone on the economy in this week’s policy message but were ultimately won over, two sources told Reuters. The ECB cut its growth forecast for the euro zone at Thursday’s meeting but reaffirmed… FF …

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Trump said to want tariffs on $200 billion of Chinese goods despite talks

President Donald Trump wants tariffs on $ 200 billion of Chinese goods despite the U.S. attempt to restart talks on trade, according to reports Friday. The president told aides to go ahead with tariffs, the reports said, citing four people familiar with the matter. The U.S. and China have alrea… …

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San Francisco Fed names Mary Daly as president effective Oct. 1: BBG

BREAKINGhttps://www.frbsf.org/our-district/about/sf-fed-blog/mary-c-daly-appointed-new-bank-president/?utm_source=frbsf-home-sffedblog-title&utm_medium=frbsf&utm_campaign=sffedblogMary C. Daly Appointed New Bank PresidentThe Federal Reserve Bank of San Francisco announced today that its Board of… FF All News

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Citigroup to Pay $12 Million Over Accusations It Misled Trading Customers

Citigroup agreed to pay more than $ 12 million to settle a regulator’s claims that it misled investors who thought they were paying a premium to keep their trading activity shielded from interference by high-frequency traders, the Securities and Exchange Commission has announced. In a civil action… FF All News